Salient to Investors: Jeremy Lawson at BNP Paribas said the outlook in emerging markets is stronger than in Europe, and that’s where we would expect to see export growth. JPMorgan Chase expect Q3 GDP at a 2.8 percent annual rate. Scott Brown at Raymond James said job destruction has been trending very low, but the
READ MORE... →Salient to Investors: A strengthening economy will boost the president’s second term.The easy-money policy of the past four years is likely to continue throughout Obama’s second term. Job growth will increase tax revenue and help shrink the budget deficit while keeping taxes low and preserving essential spending – all without any magic from
READ MORE... →Salient to Investors: The European Private Equity & Venture Capital Assn said European venture firms raised 50 percent more venture capital than in 2010. Lars Hinrichs at HackFwd said there are more angel investors than startups in London and Berlin – we have too much money in seed and late-stage investing.” Carlos Eduardo
READ MORE... →Salient to Investors: Arnaud Scarpaci at Agilis Gestion said earnings have been positive, and Europe is recovering – all is functioning in the micro-economy. 54 percent of Stoxx 600 companies so far reporting have exceeded analysts earnings projections. Matthieu Giuliani at Banque Palatine said catastrophe in Greece has been avoided, but the problem is no growth, so have
READ MORE... →Salient to Investors: The US trade deficit narrowed in September, the smallest since December 2010 and lower than any estimate in surveyed economists – exports were broad-based. Growing demand from emerging markets in South and Central America may be helping to overcome a slowdown in Europe and China. Imports climbed as US consumers
READ MORE... →Salient to Investors: James Dunigan at PNC Wealth Mgmt said the fiscal cliff is going to be very messy, though we’ll get there. Alan Greenspan said the election perpetuated the political status quo and hasn’t increased the probability of resolving the fiscal challenges. Barry Knapp at Barclays recommended cutting risk, and lowered his estimate for the S&P 500
READ MORE... →Salient to Investors: Fidelity Investments and Pimco said the fiscal cliff and Fed bond purchases will drive demand for debt. Roger Bridges at Tyndall Investment Mgmt we’re back into political games – if we continue this policy uncertainty, then the economy will fall and bonds will rally. Bill Irving at Fidelity said people own government
READ MORE... →Salient to Investors: Germany’s council of economic advisers said: The German economy will expand 0.8 percent in 2013, the same as this year, as the euro region’s sovereign debt crisis saps demand for German exports. The ECB’s bond-purchasing plan is a last resort at best and should be ended as quickly as
READ MORE... →Salient to Investors: Peter Orszag at Citigroup said efforts to rein in federal deficit spending should be delayed until the US is better positioned to handle a contraction in government spending. Orszag said we need another round of infrastructure spending and tax cuts coupled with deficit reduction – an agreement on the fiscal
READ MORE... →Salient to Investors: Curtis Arledge at Bank of New York Mellon said the appointment of somebody like Erskine Bowles to be Treasury Secretary will show Obama cares about the deficit and is serious about cutting it. The Center for Responsive Politics said Goldman Sachs, Bank of America, Morgan Stanley, JPMorgan Chase and Credit
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